Reach (LON:RCH) Trading Up 21.7% – What’s Next?

Reach plc (LON:RCH) shares rose 21.7% on Monday . The stock traded as high as GBX 88 ($1.07) and last traded at GBX 87.62 ($1.07). Approximately 5,294,815 shares changed hands during trading, an increase of 395% from the average daily volume of 1,069,693 shares. The stock had previously closed at GBX 72 ($0.88).

Reach Stock Performance

The stock has a market cap of £276.16 million, a PE ratio of 674.00, a price-to-earnings-growth ratio of -0.37 and a beta of 1.01. The stock has a fifty day moving average of GBX 84.95 and a 200-day moving average of GBX 93.97. The company has a quick ratio of 0.98, a current ratio of 0.75 and a debt-to-equity ratio of 8.27.

Insiders Place Their Bets

In other news, insider Jim Mullen sold 48,534 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of GBX 89 ($1.08), for a total value of £43,195.26 ($52,536.20). 5.21% of the stock is owned by insiders.

Reach Company Profile

Reach plc is the UK’s and Ireland’s largest commercial news publisher. It is home to over 120 trusted brands, from national titles like the Mirror, Express, Daily Record and Daily Star, to local brands like MyLondon, BelfastLive and the Manchester Evening News.

With a purpose to enlighten, empower and entertain through brilliant journalism, these brands deliver the latest news, entertainment and sport to communities throughout the UK and Ireland and around the world every day.